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Complete financial analysis of Cullen/Frost Bankers, Inc. (CFR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Cullen/Frost Bankers, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Cullen/Frost Bankers, Inc. (CFR)
About Cullen/Frost Bankers, Inc.
Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services. It also provides consumer banking services, such as checking accounts, savings programs, automated-teller machines (ATMs), overdraft facilities, installment and real estate loans, home equity loans and lines of credit, drive-in and night deposit services, safe deposit facilities, and brokerage services. In addition, the company offers international banking services comprising deposits, loans, letters of credit, foreign collections, funds, and foreign exchange services. Further, it acts as a correspondent for approximately 171 financial institutions; offers trust, investment, agency, and custodial services for individual and corporate clients; provides capital market services that include sales and trading, new issue underwriting, money market trading, advisory, and securities safekeeping and clearance; and supports international business activities. Additionally, the company offers insurance and securities brokerage services; and holds securities for investment purposes, as well as investment management services to Frost-managed mutual funds, institutions, and individuals. It operates approximately 157 financial centers and 1,650 ATMs. The company serves energy, manufacturing, services, construction, retail, telecommunications, healthcare, military, and transportation industries. Cullen/Frost Bankers, Inc. was founded in 1868 and is headquartered in San Antonio, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.94B | 220.38M | 1.37B | 1.44B | 1.37B | 1.31B | 1.20B | 1.13B | 1.07B | 1.01B | 923.37M | 893.65M | 871.78M | 845.49M | 1.41B | 821.35M | 786.97M | 709.91M | 621.65M | 556.55M | 529.12M | 514.74M | 509.11M | 493.63M | 454.10M | 406.70M | 306.50M | 273.60M | 240.00M | 213.10M | 204.00M | 178.50M | 166.00M | 160.60M | 157.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 577.72M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.94B | 220.38M | 1.37B | 1.44B | 1.37B | 1.31B | 1.20B | 1.13B | 1.07B | 1.01B | 923.37M | 893.65M | 871.78M | 845.49M | 830.39M | 821.35M | 786.97M | 709.91M | 621.65M | 556.55M | 529.12M | 514.74M | 509.11M | 493.63M | 454.10M | 406.70M | 306.50M | 273.60M | 240.00M | 213.10M | 204.00M | 178.50M | 166.00M | 160.60M | 157.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 58.97% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 739.61M | 596.31M | 489.76M | 473.51M | 471.39M | 444.03M | 431.77M | 424.28M | 394.77M | 365.73M | 347.78M | 327.47M | 317.68M | 312.39M | 311.68M | 273.16M | 257.08M | 237.02M | 207.64M | 198.22M | 184.94M | 173.84M | 180.26M | 167.81M | 152.60M | 132.70M | 98.60M | 87.10M | 69.10M | 62.90M | 65.70M | 55.90M | 53.20M | 52.20M | 51.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 48.61M | 39.99M | 34.54M | 34.39M | 38.00M | 32.51M | 29.34M | 27.68M | 28.86M | 29.00M | 26.23M | 23.77M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.62M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 788.22M | 596.31M | 489.76M | 473.51M | 471.39M | 444.03M | 431.77M | 451.96M | 394.77M | 365.73M | 347.78M | 327.47M | 317.68M | 312.39M | 311.68M | 273.16M | 257.08M | 237.02M | 207.64M | 207.83M | 184.94M | 173.84M | 180.26M | 167.81M | 152.60M | 132.70M | 98.60M | 87.10M | 69.10M | 62.90M | 65.70M | 55.90M | 53.20M | 52.20M | 51.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | -210.31M | -1.37B | -1.56B | -1.34B | -1.20B | -1.15B | -1.22B | -1.09B | -986.08M | -923.00M | -852.02M | -828.74M | -805.20M | -793.03M | -656.00M | -484.07M | -446.72M | -466.33M | -623.06M | -583.56M | -566.35M | -425.13M | -305.62M | -307.50M | -261.70M | -178.90M | -163.50M | -134.00M | -149.20M | -161.50M | -128.80M | -95.70M | -57.90M | -14.10M | 2.40M | 2.00M | -6.60M | 10.30M |
| Operating Expenses | 971.31M | 88.61M | -882.06M | -1.09B | -868.44M | -707.19M | -721.90M | -772.56M | -694.06M | -620.34M | -575.22M | -524.54M | -511.06M | -492.81M | -481.35M | -382.84M | -227.00M | -209.71M | -258.70M | -415.22M | -398.62M | -392.51M | -244.87M | -137.82M | -154.90M | -129.00M | -80.30M | -76.40M | -64.90M | -86.30M | -95.80M | -72.90M | -42.50M | -5.70M | 37.80M | 2.40M | 2.00M | -6.60M | 10.30M |
| Cost & Expenses | 971.31M | 88.61M | -882.06M | -1.09B | -868.44M | -707.19M | -721.90M | -772.56M | -694.06M | -620.34M | -575.22M | -524.54M | -511.06M | -492.81M | 577.72M | -382.84M | -227.00M | -209.71M | -258.70M | -415.22M | -398.62M | -392.51M | -244.87M | -137.82M | -154.90M | -129.00M | -80.30M | -76.40M | -64.90M | -86.30M | -95.80M | -72.90M | -42.50M | -5.70M | 37.80M | 2.40M | 2.00M | -6.60M | 10.30M |
| Interest Income | 2.22B | 1.29B | 984.87M | 976.00M | 1.00B | 957.89M | 866.42M | 788.41M | 736.63M | 686.93M | 620.56M | 604.86M | 581.78M | 563.46M | 1.11B | 675.65M | 768.85M | 683.96M | 509.83M | 393.54M | 368.95M | 389.90M | 460.98M | 512.33M | 447.60M | 428.10M | 324.70M | 290.50M | 256.10M | 205.50M | 189.60M | 190.00M | 231.20M | 272.90M | 299.40M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 659.05M | 184.44M | 23.90M | 45.03M | 129.78M | 93.31M | 26.53M | 12.08M | 12.86M | 14.54M | 21.95M | 26.75M | 41.24M | 53.88M | 86.36M | 141.63M | 250.11M | 214.80M | 118.56M | 62.11M | 55.19M | 75.87M | 144.76M | 189.57M | 150.60M | 160.10M | 127.50M | 111.40M | 103.80M | 69.20M | 61.80M | 73.30M | 122.70M | 162.90M | 192.40M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 0.00 | 91.17M | 88.61M | 83.59M | 69.77M | 38.62M | 38.00M | 38.43M | 3.33M | 3.52M | 3.14M | 3.90M | 4.39M | 5.13M | 6.54M | 33.57M | 31.36M | 25.17M | 26.34M | 25.86M | 27.75M | 31.49M | 38.33M | 35.51M | 37.40M | 29.10M | 13.90M | 25.30M | 21.00M | 5.60M | 11.20M | 8.80M | 7.50M | 8.20M | 7.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 0.00 | 740.17M | 558.83M | 415.69M | 553.56M | 558.85M | 456.18M | 389.59M | 361.94M | 375.90M | 329.35M | 346.25M | 323.86M | 303.93M | 298.50M | 354.25M | 369.14M | 339.12M | 293.73M | 252.06M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.40M | 2.00M | -6.60M | 10.30M |
| EBITDA Ratio | 0.00% | 460.72% | 35.74% | 24.44% | 36.60% | 49.81% | 40.13% | 35.67% | 35.16% | 38.75% | 38.04% | 41.74% | 41.88% | 42.32% | 25.25% | 57.48% | 75.14% | 74.01% | 62.62% | 53.36% | 52.06% | 54.82% | 59.43% | 79.27% | 74.12% | 75.44% | 78.34% | 81.32% | 81.71% | 62.13% | 58.53% | 64.09% | 78.92% | 101.56% | 128.44% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 712.37M | 1.01B | 489.54M | 351.32M | 499.47M | 601.99M | 481.00M | 353.49M | 371.30M | 386.74M | 348.16M | 369.11M | 360.72M | 352.68M | 349.03M | 438.51M | 559.97M | 500.20M | 362.95M | 141.33M | 130.50M | 122.23M | 264.24M | 355.81M | 299.20M | 277.70M | 226.20M | 197.20M | 175.10M | 126.80M | 108.20M | 105.60M | 123.50M | 154.90M | 195.30M | 2.40M | 2.00M | -6.60M | 10.30M |
| Operating Income Ratio | 36.70% | 460.50% | 35.69% | 24.37% | 36.51% | 45.98% | 39.99% | 31.39% | 34.85% | 38.40% | 37.70% | 41.30% | 41.38% | 41.71% | 24.79% | 53.39% | 71.16% | 70.46% | 58.39% | 25.39% | 24.66% | 23.75% | 51.90% | 72.08% | 65.89% | 68.28% | 73.80% | 72.08% | 72.96% | 59.50% | 53.04% | 59.16% | 74.40% | 96.45% | 124.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 0.00 | -170.31M | -149.85M | -143.34M | -153.96M | -158.77M | -167.78M | -171.17M | -154.55M | -155.41M | -140.67M | -14.98M | 0.00 | -37.59M | 0.00 | 4.70M | -5.30M | -743.00K | 4.35M | 1.10M | 62.04M | 57.82M | -147.77M | -189.57M | -150.60M | -160.10M | -127.50M | -111.40M | -103.80M | -69.20M | -70.20M | -79.80M | -122.70M | -162.90M | -192.40M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 712.37M | 668.83M | 489.54M | 351.32M | 499.47M | 508.68M | 408.36M | 341.41M | 319.80M | 336.02M | 290.88M | 308.48M | 286.24M | 266.34M | 232.76M | 296.88M | 309.86M | 285.41M | 244.39M | 209.02M | 192.54M | 180.05M | 116.47M | 166.25M | 148.60M | 117.60M | 98.70M | 85.80M | 71.30M | 57.60M | 38.00M | 25.80M | 800.00K | -8.00M | 2.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 36.70% | 303.49% | 35.69% | 24.37% | 36.51% | 38.85% | 33.95% | 30.32% | 30.02% | 33.37% | 31.50% | 34.52% | 32.83% | 31.50% | 16.53% | 36.15% | 39.37% | 40.20% | 39.31% | 37.56% | 36.39% | 34.98% | 22.88% | 33.68% | 32.72% | 28.92% | 32.20% | 31.36% | 29.71% | 27.03% | 18.63% | 14.45% | 0.48% | -4.98% | 1.84% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 114.40M | 89.68M | 46.46M | 20.17M | 55.87M | 53.76M | 44.21M | 37.15M | 40.47M | 58.05M | 53.02M | 70.52M | 68.70M | 57.58M | 53.72M | 89.62M | 97.79M | 91.82M | 78.97M | 67.69M | 62.04M | 57.82M | 38.57M | 57.43M | 51.00M | 42.00M | 35.20M | 30.80M | 25.00M | 20.20M | -700.00K | 8.20M | 600.00K | 200.00K | 200.00K | -2.40M | -2.00M | 6.60M | -10.30M |
| Net Income | 597.97M | 579.15M | 443.08M | 331.15M | 443.60M | 454.92M | 364.15M | 304.26M | 279.33M | 277.98M | 237.87M | 237.95M | 217.54M | 208.76M | 179.03M | 207.26M | 212.07M | 193.59M | 165.42M | 141.33M | 130.50M | 116.99M | 80.92M | 108.82M | 97.60M | 75.60M | 63.50M | 55.00M | 46.30M | 37.40M | 47.10M | 24.10M | 200.00K | -8.20M | 2.70M | 2.40M | 2.00M | -6.60M | 10.30M |
| Net Income Ratio | 30.81% | 262.80% | 32.30% | 22.97% | 32.43% | 34.75% | 30.27% | 27.02% | 26.22% | 27.60% | 25.76% | 26.63% | 24.95% | 24.69% | 12.71% | 25.23% | 26.95% | 27.27% | 26.61% | 25.39% | 24.66% | 22.73% | 15.89% | 22.04% | 21.49% | 18.59% | 20.72% | 20.10% | 19.29% | 17.55% | 23.09% | 13.50% | 0.12% | -5.11% | 1.71% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 8.91 | 8.84 | 6.79 | 5.11 | 6.88 | 7.14 | 5.56 | 4.73 | 4.31 | 4.32 | 3.82 | 3.87 | 3.55 | 3.44 | 3.00 | 3.51 | 3.60 | 3.49 | 3.15 | 2.74 | 2.54 | 2.29 | 1.57 | 2.09 | 1.83 | 1.42 | 1.38 | 1.19 | 1.02 | 0.83 | 1.95 | 0.57 | 0.01 | -0.22 | 0.07 | 0.07 | 0.06 | -0.21 | 0.33 |
| EPS Diluted | 9.08 | 8.79 | 6.74 | 5.09 | 6.81 | 7.03 | 5.51 | 4.70 | 4.28 | 4.29 | 3.80 | 3.86 | 3.54 | 3.44 | 3.00 | 3.50 | 3.55 | 3.42 | 3.07 | 2.66 | 2.48 | 2.29 | 1.57 | 2.03 | 1.78 | 1.38 | 1.34 | 1.16 | 1.01 | 0.83 | 1.93 | 0.57 | 0.01 | -0.22 | 0.07 | 0.07 | 0.06 | -0.21 | 0.33 |
| Weighted Avg Shares Out | 65.63M | 64.16M | 63.61M | 62.73M | 62.74M | 63.71M | 63.69M | 62.38M | 62.76M | 62.07M | 60.35M | 61.30M | 61.10M | 60.41M | 59.46M | 58.85M | 58.91M | 55.47M | 52.52M | 51.58M | 51.38M | 51.09M | 51.54M | 52.07M | 53.33M | 53.24M | 52.90M | 52.86M | 45.39M | 44.92M | 44.20M | 42.28M | 38.00M | 37.27M | 38.57M | 34.29M | 33.33M | 31.43M | 31.21M |
| Weighted Avg Shares Out (Dil) | 64.40M | 64.52M | 64.10M | 63.00M | 63.44M | 64.69M | 64.66M | 62.97M | 63.47M | 62.97M | 61.12M | 61.64M | 61.28M | 60.59M | 59.51M | 59.17M | 59.74M | 56.61M | 53.88M | 53.13M | 52.62M | 52.63M | 53.43M | 53.60M | 54.83M | 54.78M | 54.48M | 54.22M | 45.62M | 44.92M | 44.20M | 42.28M | 38.00M | 37.27M | 38.57M | 34.29M | 33.33M | 31.43M | 31.21M |
Cullen/Frost (CFR) Stock Down 5.2% Despite Q1 Earnings Beat
Cullen/Frost's (CFR) first-quarter earnings beat estimates on the back of higher non-interest income and loan balances. However, lower NII, high expenses and high provisions turn out to be negatives.
Cullen/Frost Bankers, Inc. (CFR) Q1 2024 Earnings Call Transcript
Cullen/Frost Bankers, Inc. (CFR) Q1 2024 Earnings Conference Call April 25, 2024 2:00 PM ET Company Participants A.B. Mendez - SVP and Director of IR Phil Green - Chairman and CEO Jerry Salinas - Group Executive Vice President and CFO...
Here's What Key Metrics Tell Us About Cullen/Frost (CFR) Q1 Earnings
The headline numbers for Cullen/Frost (CFR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Cullen/Frost Bankers (CFR) Q1 Earnings Top Estimates
Cullen/Frost Bankers (CFR) came out with quarterly earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.13 per share. This compares to earnings of $2.70 per share a year ago.
CULLEN/FROST REPORTS FIRST QUARTER RESULTS
Board declares second quarter dividend on common and preferred stock SAN ANTONIO , April 25, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE: CFR) today reported first quarter 2024 results. Net income available to common shareholders for the first quarter of 2024...
Seeking Clues to Cullen/Frost (CFR) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Cullen/Frost (CFR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
Frost Bank Improves Customer Experience with Atomic Direct Deposit Switch
SALT LAKE CITY--(BUSINESS WIRE)--Atomic is excited to announce its collaboration with San Antonio-based Frost Bank, a top 50 financial institution with 185 branch locations across Texas. Incorporating Atomic into its operations will help Frost achieve its goals of improving customer...
Analysts Estimate Cullen/Frost Bankers (CFR) to Report a Decline in Earnings: What to Look Out for
Cullen/Frost (CFR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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